The Parallel Parliament

Glen Pearson

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Economy Without Humanity

Posted on May 30, 2013

We are partakers in an era where professional economists have grown so prominent as to minimize all other voices.  It used to be that power was everything.  Then it was politics.  And now it’s the bewildering world of finance.  There has been a kind of universal benefit in their rise to prominence in that we have come to understand the importance of economics to our individual, national and global endeavours.  The world’s financial elite most often hold degrees in economics or business and readily apply the advice of economists in amassing their fortunes. But if economists are so smart, and if the world’s power brokers place such great trust in the science of economies and finance, how do you explain the chart above?  It’s…

The Drama of an Unfinished Life

Posted on May 28, 2013

I recall sitting in the House of Commons during the  2008 budget debate wondering, “What happens if the recovery finally arrives and we end up with less?”  Sadly, that appears to be what has happened.  We are no further ahead and we have a massive debt for all our trouble. Somehow we never got to maybe.  Another recession has passed – the worst since the Depression – a we remain on the mat, diminished.  An economy that was supposed to work for us has instead undercut our potential, cast the jobless in the netherworld, and created a generation of Canadians more worried than at any time in recent memory.  We can blame the political parties, but that’s just the easy way out.  Our problems…

The Fraud Squad

Posted on May 24, 2013

So, now it’s out, and what thousands thought to be true has been verified.  Federal court judge Richard Mosley ruled yesterday that election fraud did indeed take place in the last federal election and that the finding is a huge embarrassment to the Harper Conservatives.  In the judge’s words: The calls struck at the integrity of the electoral process by attempting to dissuade voters from casting ballots for their preferred candidates.  This form of ‘voter suppression’ was, until the 41st General Election, largely unknown in this country.” Well, it’s known now and we have evidence that an abiding sickness, a cancer, has infiltrated our electoral process that threatens our very standing as citizens in general, and the democratic state specifically.  It is a seminal…

Where Did the Recovery Go?

Posted on May 22, 2013

Has economic growth reached the stage where it is no longer effective for most of us?  An increasing number of observers believe that is the case.  In arriving at the plateau where we almost blindly believe that economic growth surely must be good for us all, we have somehow suspended our understanding of what we see really going on in our communities. Let’s put in this way: if markets are in a growth swing again, as economists continually remind us, then why aren’t we sensing it.  Obviously some are making great gains since the official end of the Great Recession, but that’s not me, nor anyone else I know. On a highway just outside of San Francisco is a billboard which reads, 1,000,000 people…

Thanks a Trillion

Posted on May 14, 2013

“Wrong does not cease to be wrong because the majority share in it,”  said Leo Tolstoy in his A Confession.  Americans got a sobering and slightly angering dose of that reality early last week when a new economic report revealed that the rich of that country had gained $5.6 trillion during the economic recovery, while the rest of the people lost some $669 billion.  Okay, that’s some difference, but one of the great ironies of that discovery is that average people have gone along with it (the “million” Tolstoy was speaking of). Breaking the numbers down a bit doesn’t make us feel any better.  From 2009 to 2011, the richest eight million families (the top 7%) saw their wealth rise from $1.7 million to…